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CDP Group: SIMEST strengthens support for Proma in Brazil

The resources are intended to finance the construction of a new plant in the province of Juatuba

CDP Group: SIMEST strengthens support for Proma in Brazil
1 August 2017

SIMEST, a company that together with SACE forms the CDP Group’s export and internationalisation, is providing support to Proma do Brasil, a subsidiary of the Proma Group of Caserta, a leading Italian player in the automotive sector.

The additional support from SIMEST will help finance a broad investment programme in Brazil, including the construction of a new plant in the province of Juatuba, to meet the growing needs of the market and handle recent major orders more efficiently. The production facility will total 22,000 m2, on a 160,000 m2 site, where moulding, sheet metal working, assembly and painting will be carried out.

The Proma Group is a long-standing customer of SIMEST and SACE, who over the years have supported investments in Brazil, Serbia, Poland and Italy, as well as recently finalising an agreement supporting its supply chain.

The Proma Group was founded in Caserta in 1980. It is active in the cold forming and assembly of sheet metal parts for vehicles (structural parts of the chassis - metal structures for seats - suspensions). It has 23 manufacturing plants in 8 countries and 3 continents, where, in addition to R&D and testing, the phases of moulding and assembly of metal parts are performed. Its main customers are car manufacturers such as the FCA Group, GM, Renault, Sevel, Maserati, VW and others (Ford, PSA) and system suppliers such as Magneti Marelli, Johnson Controls and Lear.

In 2016 it posted a turnover of €548 million, an EBITDA margin of 12.4% on the value of production and net income of about €25.3 million, employing 2,340 employees globally, of whom 1,492 in Italy.

 

 

 

Contact details for the media:

Tel: +39 06 68635.777

ufficio.stampa@simest.it

Twitter: @SIMEST_IT

 

 

SIMEST is part of the CDP Group, 76% owned by SACE, with leading Italian banks and trade associations among its other investors. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers the entire range of financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments

 

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